![]() They finally put the lid on the simmering matter of the acquisition from the past couple of months.Īs per the trusted sources and the information from the market, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock in exchange for Slack shares of $27.7 billion. Making it the biggest deal of the 21st century. The acquisition money involved is a huge sum of $27.7 billion. The only tool left in the tech-biz box is then the axe, wielded mercilessly by Benioff last week despite all the talk at the company of " Ohana." While attempting to exploit the opportunity presented by the pandemic, he is finding out that one crisis can lead to another, sadly all too true for those losing their jobs.Salesforce, the cloud computing giant has confirmed that Salesforce acquire Slack on December 1, 2020. But the analyst reaction suggested the organizations that would gain the most from Genie are those already using multiple Salesforce products, especially industry cloud clients. Last year it launched Genie, a lakehouse-style architecture borrowing a concept from Databricks to combine the idea of the data lake with the SQL queries of the data warehouse, to bring real-time analysis to customer data. Salesforce has strived to innovate in its home CRM markets. Microsoft's Nadella: Tech is in for a rough two years. ![]() In-person Dreamforce returns: Real people, real lanyards, real sandwich platters.Salesforce ends CEO job share – again.Let's get ethical, says Salesforce as revenues rocket 27% – thanks in part to US Border Patrol.If you can use API-based integration to pull business application data into your CRM system, why not do the same to pull data from Salesforce to the visualization tool of your choice: Google's Looker or Qlik, for example? Does it make any more sense for visualization to be close to CRM than sitting it next to a data warehouse or analytics system for that matter?įor workplace chat, businesses are likely to reach for Microsoft's Teams, not because it is better than Slack, but because Microsoft has the irresistible user gravity of Windows and Office, and the Redmond giant has been cutting tempting corporate meal deals since Benioff was still working at Oracle. While the $6.5 billion buyout would allow Salesforce to create a "Salesforce Integration Cloud" to allow enterprises to surface any data, regardless of where it resides, to "drive deep" into "customer experiences," that is something of a two-way street. Weirdly enough, another Salesforce acquisition - the API-farmer MuleSoft - underscores weaknesses in its M&A strategy. Salesforce already let CEO Mark Nelson go from the data analytics division in December while other managers were axed last Wednesday. Tableau, the data visualization and analytics system bought for $15.7 billion in 2019, was hit proportionally harder by job cuts than other Salesforce divisions, according to reports last week. Yet Slack is not the only Salesforce acquisition raising questions. If Slack isn't bringing anything to Salesforce, what is Salesforce bringing to Slack? Are customers really likely to base their office chat decision on their existing CRM system? Salesfolk, their customers, and the utility of the tools ![]() Slack is used by all kinds of employees, from engineers to accountants to, erm, journalists. The observation is in line with Slack's revenue growth, which slid to 6.9 percent quarter-on-quarter in the third quarter, down from 9.3 percent in the second quarter and 11.7 percent in the first quarter (Slack subscription and support revenues are detailed as Platform and Other). The publication also quotes a Salesforce CRM user who seems unimpressed by Slack and content to carry on with Microsoft Teams as the chat platform of choice.
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